Animoca puts Currenc merger on ice, delaying its Nasdaq debut
Summary
Animoca Brands has paused its planned public listing via a reverse merger with Nasdaq-listed Currenc Group. The decision was mutual, driven by market conditions and timing concerns around closing the deal. Under the proposed transaction, Currenc would have acquired Animoca, with Animoca shareholders owning 95% of the combined Nasdaq-listed company. Animoca said discussions could restart if conditions improve. Executive chairman Yat Siu said the company will keep pursuing paths to a public listing while completing required audit and compliance processes. Animoca is a Hong Kong-based gaming and investment company with holdings including The Sandbox, Moca Network, and Open Campus.
